Sands China sees full occupancy over Golden Week

Sand’s China expects its more than 9,200 hotel rooms in Macau to be running at close to full occupancy over the Chinese Golden Week holiday starting Oct. 1st, Bloomberg reported, citing company spokeswoman Mabel Wu.
The news sent the company’s shares sharply higher in Hong Kong, lifting off a 52-week low, while parent company Las Vegas Sands also gained in New York trading, rising more than 2 percent. Galaxy Entertainment, Wynn Macau, and Melco Crown Entertainment also benefited, seeing share price gains.
Shares in casino operators have been battered in recent weeks amid negative news from Macau. Gross gambling revenue has fallen in each of the past three months, with the VIP sector falling much more than had been expected. As a result, many analysts have revised down their estimates for GGR this year to near flat, or for very modest growth.